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The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition, leading a small number of highly profitable (and...
Persistent link: https://www.econbiz.de/10012961079
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10013315688
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …
Persistent link: https://www.econbiz.de/10013316364
This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the "equity trap", that is, the extent to which cash paid to the shareholders must be taxed as dividends. Our analysis shows that Sinn's (1991) criticism of the well-known King and Fullerton...
Persistent link: https://www.econbiz.de/10013316375
comply with regulations before undertaking an activity. Officials verify their compliance and may engage in corruption. In … line with existing work, the government tolerates corruption and weak enforcement when it does not communicate with … corruption and improves regulatory enforcement. In an extension, we incorporate intermediaries and show their presence makes the …
Persistent link: https://www.econbiz.de/10012970762
corruption and the concealment of officials' bribes, tax havens discourage the provision of public goods and hence have also a …
Persistent link: https://www.econbiz.de/10013119115
contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated …
Persistent link: https://www.econbiz.de/10013121867
We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can … levels of pollution are dependent on the levels of corruption. Our results hold when we control for the effects of other …
Persistent link: https://www.econbiz.de/10013092159
hypothesize that corruption matters in this nexus. Using panel data covering the period of 2002-2012 for more than 150 countries … total working age population (15-64 years old) and corruption on political stability. This finding is robust, controlling … between corruption and the youth population remains robust when we control for the persistency of political stability and the …
Persistent link: https://www.econbiz.de/10013030326
How to fight petty day-to-day corruption is a question often debated by politicians, by the public and in the economic … literature. Early studies have noted that a simple and well-known way to fight day-to-day corruption is to create competition … in a way that eliminates corruption. This is due to a tradeoff between corruption and compliance costs. More …
Persistent link: https://www.econbiz.de/10012999776